āagman

Not investment advice. Data and computed figures, for information only.

Bharat Petroleum Corporation Ltd

NSE: BPCLF&O
₹293.70
+₹4.05 (+1.40%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,24,862 Cr
CMP
₹293.70
52-wk High / Low
₹392 / 267
P/E
8.1
P/B
1.3
Book Value
₹231.0
Div Yield
6.08%
ROCE
26.0%
ROE
28.8%
Face Value
₹10
D/E
0.54

Price−13.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹556
√(22.5 × EPS × book value per share)
ROIC
16.0%
vs 9.7% sector median
Cash flow to profit
1.96
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,128
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.7%
ROE × earnings retention ratio
ROE stability
10.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −2.73DII +2.55
Latest quarter vs the previous one
Cash-accrual divergence
−10.7%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 4.3pp over the last year
+Piotroski F-Score of 7/9 is in the strong band (≥7)
+PE of 8.1x is below the sector median of 12.8x
Watch-outs
−Borrowings are up 132.7% since FY2016 (23388 to 54424)
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,12,9851,03,0441,15,4991,16,5551,13,0951,02,7851,13,1661,11,2301,12,5511,04,9461,19,0291,18,7011,51,277
Expenses97,20090,1041,09,3001,07,6001,07,46898,2681,05,7101,03,4941,02,87495,1851,07,3431,09,0671,55,332
Operating Profit15,78512,9416,1998,9555,6274,5177,4567,7379,6789,76111,6879,634−4,055
OPM %14.0%12.6%5.4%7.7%5.0%4.4%6.6%7.0%8.6%9.3%9.8%8.1%−2.7%
Other Income1,0039119194038071,2785481,0611,8401,3756879403,535
Interest1,0711,190920967889923861919758833657705627
Depreciation1,6141,6051,8301,7221,6861,7791,8101,9821,8891,9581,9792,0312,069
Profit before tax14,10311,0564,3676,6693,8593,0945,3335,8978,8728,3459,7377,838−3,216
Net Profit10,6448,2443,1814,7902,8422,2973,8064,3926,8396,1917,1885,625−1,873
EPS (₹)24.5319.007.3311.046.555.298.7710.1215.7614.2716.5712.96−4.32

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,42,5981,87,8152,01,2512,35,8952,98,2262,84,5722,30,1713,46,7914,73,1874,48,0834,40,2724,55,2284,93,954
Expenses2,32,8181,74,8441,87,4682,20,5782,83,1132,75,5972,09,1703,27,6544,62,2884,04,0014,14,8704,14,0264,66,927
Operating Profit9,78012,97113,78315,31715,1128,97521,00119,13710,89944,08225,40141,20227,027
OPM %4.0%6.9%6.8%6.5%5.1%3.2%9.1%5.5%2.3%9.8%5.8%9.1%5.5%
Other Income2,1171,9132,7212,9272,9751,3937,4894,9392,5543,0323,6294,3996,536
Interest1,1806806961,1861,7642,6371,7232,6064,2634,1493,5912,9532,823
Depreciation3,0272,0722,1082,8853,4184,0804,3345,4346,3696,7717,2577,8568,036
Profit before tax7,69012,13213,70014,17412,9053,65222,43216,0372,82136,19418,18234,79122,704
Net Profit5,0828,0899,5079,7928,5283,66617,32011,6822,13126,85913,33725,84317,132
EPS (₹)11.0818.6420.1020.7617.987.0437.2626.934.9161.9130.7459.5739.48

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital7236561,3111,9671,9671,9672,0932,1292,1292,1364,2734,273—
Reserves21,83927,13829,50834,65236,79834,56551,46249,77651,39373,49977,11295,898—
Borrowings25,49223,38835,72537,65944,83965,47654,53264,53469,37654,59961,10154,424—
Other Liabilities38,26835,24142,54146,07853,32248,85252,89171,08965,24072,18475,89894,021—
Total Liabilities86,32286,4221,09,0861,20,3561,36,9261,50,8601,60,9781,87,5291,88,1382,02,4182,18,3822,48,616—
Fixed Assets29,10925,35833,68445,53949,31560,17564,09883,90186,67586,79888,62893,624—
CWIP15,78717,45916,8349,87513,65417,75717,03715,43316,24920,20426,38732,911—
Investments7,7129,40121,32723,72524,90727,02926,76823,61626,77826,63126,53130,136—
Other Assets33,71434,20337,24141,21749,05045,90053,07564,57858,43668,78576,83791,945—
Total Assets86,32286,4221,09,0861,20,3561,36,9261,50,8601,60,9781,87,5291,88,1382,02,4182,18,3822,48,616—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9,58820,74211,1199,04111,06810,1577,88123,45520,33612,46635,93623,67850,769
Cash from Investing Activity−6,881−10,536−9,233−15,274−7,066−10,451−11,135−2,474−8,138−7,806−10,521−19,180−26,067
Cash from Financing Activity−3,736−9,792−1,3324,804−4,2182073,583−13,981−17,672−4,402−25,427−6,241−24,940
Net Cash Flow−1,029414555−1,429−215−873297,000−5,474257−12−1,743−238

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.017.025.024.021.018.09.018.016.07.032.016.026.0
ROE %————————————28.8
EPS (₹)9.0111.0818.6420.1020.7617.987.0437.2626.934.9161.9130.7459.57
Book Value (₹)————————————231.0
Face Value (₹)————————————10
P/E————————————8.1
Div Yield %————————————6.08
NPM %1.52.14.34.74.12.81.37.33.30.46.03.05.6
OPM %4.04.07.07.06.05.03.19.06.02.310.06.09.0
D/E1.711.130.841.161.031.161.791.021.241.300.720.750.54
P/B————————————1.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+9.0%
5 years+15.0%
3 years−1.0%
TTM+12.0%
Compounded profit growth
10 years+12.0%
5 years+16.0%
3 years+107.0%
TTM−12.0%
Stock price CAGR
10 years+3.0%
5 years+5.0%
3 years+18.0%
Last year−15.0%
Return on equity
10 years24.0%
5 years24.0%
3 years29.0%
Last year29.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters54.93%54.93%54.31%53.29%52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%
FIIs22.53%22.53%19.81%15.64%12.28%12.42%13.69%12.57%16.79%14.58%19.57%16.84%
DIIs6.74%6.74%10.03%15.32%19.61%23.31%19.85%22.59%21.30%22.23%18.52%21.07%
Government0.86%0.86%0.86%0.86%0.86%0.86%0.86%0.94%0.94%0.94%0.43%0.86%
Public14.93%14.93%14.99%14.88%14.27%8.43%12.31%10.61%8.00%9.26%8.48%8.25%
No. of shareholders1,25,5791,25,5791,56,4431,78,7182,23,1394,68,3779,30,4868,58,1367,23,57111,93,41210,33,05710,50,341
Change since Jun 2023 (pp)
Promoters −1.95FIIs −5.69DIIs +14.33Public −6.68

Documents

As of 11 Oct 2026
Announcements
Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026PPTJul 2026RecordingMay 2026TranscriptJan 2026PPTAug 2025TranscriptAug 2025RecordingMay 2025TranscriptMay 2025PPTMay 2025Recording

Corporate actions

As of 2 Feb 2026
2 Feb 2026DIVIDENDInterim Dividend - Rs 10 Per Share—
7 Nov 2025DIVIDENDInterim Dividend - Rs 7.50 Per Share—
31 Jul 2025DIVIDENDDividend - Rs 5 Per Share—
29 Jan 2025DIVIDENDInterim Dividend - Rs 5 Per Share—
9 Aug 2024DIVIDENDDividend - Rs 10.5 Per Share—
21 Jun 2024BONUSBonus 1:1—
12 Dec 2023DIVIDENDInterim Dividend - Rs 21 Per Share—
11 Aug 2023DIVIDENDDividend - Rs 4 Per Share—
19 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 6 Per Share—
10 Feb 2022DIVIDENDInterim Dividend - Rs 5 Per Share—
11 Nov 2021DIVIDEND Interim Dividend - Rs 5 Per Share—
16 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 23 Per Share/Special Dividend - Rs 35 Per Share—
25 Mar 2021DIVIDEND Interim Dividend - Rs 5 Per Share—
17 Feb 2021DIVIDEND Interim Dividend - Rs 16 Per Share—
23 Mar 2020DIVIDEND Interim Dividend - Rs 16.50 Per Share—
21 Aug 2019DIVIDEND Dividend - Rs 8 Per Share—
21 Feb 2019DIVIDEND Interim Dividend Rs - 11 Per Share—
31 Aug 2018DIVIDEND Annual General Meeting/Dividend Rs- 7 Per Share—
22 Feb 2018DIVIDEND Interim Dividend - Rs 14 Per Share—
13 Jul 2017BONUS Bonus 1:2—
8 Jun 2017DIVIDEND Annual General Meeting/Dividend - Re 1/- Per Share—
24 Mar 2017DIVIDEND Special Interim Dividend Rs 12/- Per Share—
28 Feb 2017DIVIDEND Interim Dividend Rs 15.50 Per Share + Special Dividend Rs 4/- Per Share—
13 Jul 2016BONUS Bonus 1:1—
6 Jun 2016DIVIDEND Annual General Meeting/Dividend Rs 15/- Per Share—
3 Mar 2016DIVIDEND Interim Dividend - Rs 3.50/- Per Share—
2 Feb 2016DIVIDEND Interim Dividend - Rs 12.50/- Per Share—
28 Aug 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 22.50/- Per Share—
5 Sep 2014DIVIDENDAnnual General Meeting/Dividend - Rs.17/- Per Share—
6 Sep 2013DIVIDENDAnnual General Meeting And Dividend Rs.11/- Per Share—
13 Jul 2012BONUSAnnual General Meeting/ Dividend Rs 11/- Per Share/ Bonus 1:1—
5 Sep 2011DIVIDENDAnnual General Meeting And Dividend Rs.14/- Per Share—
8 Sep 2010DIVIDENDAnnual General Meeting And Dividend Rs.14/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman